168 Thompson Avenue Cowes, VIC 3922

168 Thompson Avenue presents an exceptional commercial investment opportunity in the heart of Cowes, currently leased as established medical consulting rooms with a secure long-term tenancy in place. Positioned on a substantial allotment of approximately 875sqm, the property combines a high-performing commercial investment with the added flexibility of self-contained accommodation upstairs.

The property is securely leased with 2 x 2-year option terms remaining, delivering an approximate 7% gross return following a recent 3% rental increase. With ongoing annual rental increases and all outgoings payable by the tenant, this represents an attractive set-and-forget investment opportunity.

Purposefully configured for medical or allied health use, the ground floor features four treatment/consulting rooms, a welcoming reception and waiting area, and a functional layout suited to ongoing healthcare operations. The upstairs self-contained accommodation offers additional versatility for owner occupation, staff housing or supplementary income potential.

Key Features:

Secure medical tenancy with 2 x 2-year options remaining
Approximate 7% gross return
Rent recently increased by 3%
Ongoing annual rental increases
Tenant pays all outgoings
Approx. 875sqm landholding
Four treatment/consulting rooms
Reception and waiting area
Self-contained accommodation upstairs
Excellent investment with future flexibility

A rare opportunity to secure a quality commercial asset in one of Phillip Island's most tightly held locations.

PHOTO ID IS REQUIRED AT ALL OPEN INSPECTIONS

This property for sale in Cowes is proudly presented to you by Ray White Real Estate Phillip Island.